The POSCO Strategy [Hardcover]

William T., S.J. Hogan (Author), William T. Hogan S.J. (Author)

Book Description

Publication Date: November 15, 2001 | ISBN-10: 0739103016 | ISBN-13: 978-0739103012

The POSCO Strategy brings to life one of the world's great industrial success stories. Expertly told by William T. Hogan, an accomplished commentator on the global steel industry, the work traces the meteoric rise of South Korea's Pohang Iron and Steel Company and the incredible impact it has had on this small agrarian country. In a mere quarter of a century POSCO has grown to become the largest steel company in the world and has dragged South Korea into the industrial age. The book not only provides a blueprint for the world's steel industry but offers an incredible case study to students of modern Asian economic history seeking to understand how a non-industrialized economy can be so dramatically modernized by the development of a single industry.

Editorial Reviews

About the Author

William T. Hogan, S.J. is founder of the Industrial Economics Research Institute at Fordham University. He has authored nineteen books, of which Steel in the 21st Century (1994) and The Steel Industry in China (1999) have both been translated into Chinese.

Product Details

• Hardcover: 128 pages
• Publisher: Lexington Books (November 15, 2001)
• Language: English
• ISBN-10: 0739103016
• ISBN-13: 978-0739103012
• Product Dimensions: 9 x 6 x 0.6 inches
• Shipping Weight: 9.6 ounces (View shipping rates and policies)
• Average Customer Review: 1.0 out of 5 stars  See all reviews (1 customer review)
• Amazon Best Sellers Rank: #3,020,973 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

0 of 3 people found the following review helpful:

1.0 out of 5 stars Ignorant of basic accounting., July 19, 2002

By 

George McLaughlin (Walnut Creek, CA United States) - See all my reviews
(REAL NAME)   

This review is from: The POSCO Strategy (Hardcover)

Here's an example: "POSCO attributed these improvements behind its 2000 record profitability to... a decrease in the cost of goods sold due to lower depreciation expenses..." Depreciation is never part of cost of goods sold; cost of goods sold are costs that are directly related to the goods produced, and incurred in the same period in which the goods are produced. Depreciation is related to investment in fixed assets in prior periods.